Stock Market Today: Nasdaq Nears New High After Nvidia Earnings
Global stock markets rallied after the chipmaker's impressive financial results and guidance.


Stocks took their cues from a sizzling overnight session for the Japanese equities market and a red-hot post-earnings rally for Nvidia (NVDA). Indeed, the main benchmarks soared up the charts Thursday, with two of the three notching new record closes.
There were two main catalysts that sparked today's broad-market rally. One was the overnight move in Japan's stock market, with the Nikkei hitting a fresh record high for the first time since December 1989.
"The Nikkei has been buoyed by another wave of excitement for the prospects for the tech sector," says Susannah Streeter, head of money and markets at Hargreaves Lansdown, adding that a weaker yen has helped boost exporters including Toyota, Honda and Sony.

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
The index's "performance has also been boosted by corporate governance reforms to make businesses more accountable to shareholders which appear to have enthused investors, including Warren Buffett who has been bullish towards Japanese stocks," Streeter adds.
Nvidia soars on impressive Q4 results
The other main driver of Thursday's price action was Nvidia's blowout earnings report. The chipmaker's results were one of the most highly anticipated of the earnings season given its pole position in the generative AI (artificial intelligence) space, and it did not disappoint.
For its fourth quarter, Nvidia reported earnings of $5.16 per share, up from 88 cents per share in the year-ago period. Revenue jumped to $22.1 billion from last year's $6.1 billion as data center revenue quadrupled.
What's more, the company is calling for first-quarter revenue of $24.0 billion, a remarkable improvement over the $6.5 billion in revenue it reported in the year-ago period.
"This last year, we've seen a generative AI really becoming a whole new application space, a whole new way of doing computing, a whole new industry is being formed and that's driving our growth," said Nvidia CEO Jensen Huang in the company's earnings call.
NVDA stock surged 16.4%, adding $277 billion to its market capitalization – the most ever added by a company in a single session. To put that figure in perspective, it is more than the entire market cap of Dow Jones stock Coca-Cola (KO, -0.2%) or streaming giant Netflix (NFLX, +2.6%).
AMD adds $28 billion in market value after Nvidia earnings
Nvidia's earnings report had a halo effect on other chip stocks. Advanced Micro Devices (AMD), for one, jumped 10.7%, gaining $28 billion in market value along the way. Arm Holdings (ARM, +4.2%), Broadcom (AVGO, +6.3%) and Taiwan Semiconductor Manufacturing (TSM, +3.0%) were also notable gainers.
As for the indexes, both the Dow Jones Industrial Average (+1.2% at 39,069) and the S&P 500 (+2.1% at 5,087) finished at record closes. The Nasdaq Composite climbed 3.0% to 16,041, and is now within striking distance of its closing peak of 16,057.44 set in November 2021.
Related content
- Toyota Recalls More than 300,000 Vehicles: What To Know
- Why Is Walmart Splitting Its Stock?
- AT&T Working to Restore Service Amid Network Outage: What to Know
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at a local investment research firm. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.
-
Stocks Can't Hold Meta, Microsoft Gains: Stock Market Today
The main indexes all opened higher Thursday on impressive Big Tech earnings, but momentum faded into the close.
-
Retirement Health Care Costs Are On the Rise: What You Need to Know
A 65-year-old retiree will face significantly higher lifetime health care costs than they would have a year ago, even with Medicare. Here are the surprising totals.
-
Stocks Can't Hold Meta, Microsoft Gains: Stock Market Today
The main indexes all opened higher Thursday on impressive Big Tech earnings, but momentum faded into the close.
-
Three Ways to Find Deals in Your Investments This Year
Looking for ways to save because of tariffs? Don't forget to look for deals in your investments. Here are three expert tips for making a little extra this year.
-
How to Invest for a Fall Interest Rate Cut by the Fed
A lot can happen between now and then, but the probability the Fed cuts interest rates before the end of the year is better than 85%.
-
You Don't Have to Be Wealthy to Need a Wealth Manager
Navigating complex financial decisions is hard on your own, no matter how much money you have. A wealth manager can provide comprehensive financial planning, investment management, risk management and more.
-
Despite Tariffs, These Investment Experts Are Bullish on European Equities
European equities were one of the better-performing investments during the first half of 2025. They could be a good long-term prospect for U.S. investors needing to diversify, according to these investment managers.
-
Stocks Are Up and Down on Fed Day: Stock Market Today
In another sign of changing times, JPMorgan has partnered with Coinbase to enable cryptocurrency purchases with credit cards.
-
What Federal Interest Rates Mean for Your Grocery Bill
The relationship between grocery prices and the Federal Reserve has plenty of back-and-forth. Understand how they interplay.
-
5 Undervalued Stocks to Buy Now
There are plenty of high-quality undervalued stocks to buy right now, you just need to know where to look. Here, we highlight five of our top picks.